Sri Lanka approves hotels with investments of US$23.3mn in June

ECONOMYNEXT- Sri Lanka’s tourism regulator has approved 16 new hotel projects worth 23.30 million US dollars in the second quarter of 2019, most of which did not start construction following the Easter Sunday terror, official data showed.

All new hotels approved will have less than 49 rooms each, a Sri Lanka Tourism Development Authority (SLTDA) report said.

Four hotels approved are in the Gampaha District, north of the capital Colombo, while three each are in the Galle and Matara Districts, on the southern coast of Sri Lanka.

Meanwhile, seven hotels became operational in the June quarter.

The SLTDA had graded two hotels as 4-star properties during the quarter.

From 2010 till June 2019, the SLTDA has approved 382 hotel projects with investments of 2.98 billion US dollars.

Of these, 207 hotels (with 1.7 billion US dollars in investments) are operational , 107 hotels (958 million US dollars) are being built and 68 hotels (249 million US dollars) are yet to begin construction. (Colombo/Sep09/2019)

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